POSCO (PKX) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its position in POSCO (NYSE:PKX) by 188.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,206 shares of the basic materials company’s stock after buying an additional 9,933 shares during the period. Cubist Systematic Strategies LLC’s holdings in POSCO were worth $952,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PKX. Strategic Global Advisors LLC raised its position in POSCO by 0.3% during the second quarter. Strategic Global Advisors LLC now owns 4,306 shares of the basic materials company’s stock valued at $270,000 after purchasing an additional 15 shares during the period. Oppenheimer & Co. Inc. raised its position in POSCO by 1.0% during the second quarter. Oppenheimer & Co. Inc. now owns 5,738 shares of the basic materials company’s stock valued at $359,000 after purchasing an additional 57 shares during the period. Ronald Blue & Co. LLC raised its position in POSCO by 2.4% during the second quarter. Ronald Blue & Co. LLC now owns 6,686 shares of the basic materials company’s stock valued at $418,000 after purchasing an additional 154 shares during the period. Stifel Financial Corp raised its position in POSCO by 1.2% during the first quarter. Stifel Financial Corp now owns 14,359 shares of the basic materials company’s stock valued at $926,000 after purchasing an additional 169 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in POSCO by 3.2% during the second quarter. Janney Montgomery Scott LLC now owns 6,170 shares of the basic materials company’s stock valued at $386,000 after purchasing an additional 190 shares during the period. Institutional investors own 5.14% of the company’s stock.

Shares of POSCO (NYSE:PKX) opened at 72.85 on Friday. The stock has a market capitalization of $23.31 billion, a P/E ratio of 12.95 and a beta of 1.11. The firm’s 50-day moving average price is $71.68 and its 200-day moving average price is $66.29. POSCO has a 12 month low of $50.37 and a 12 month high of $77.76.

PKX has been the topic of a number of recent research reports. CLSA upgraded POSCO from an “underperform” rating to an “outperform” rating in a research report on Thursday, July 20th. BidaskClub upgraded POSCO from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Standpoint Research downgraded POSCO from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. UBS AG upgraded POSCO from a “neutral” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research downgraded POSCO from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy”.

COPYRIGHT VIOLATION NOTICE: “POSCO (PKX) Shares Bought by Cubist Systematic Strategies LLC” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright

Several other large investors have also recently bought and sold shares of PKX. Strategic Global Advisors LLC raised its position in POSCO by 0.3% during the second quarter. Strategic Global Advisors LLC now owns 4,306 shares of the basic materials company’s stock valued at $270,000 after purchasing an additional 15 shares during the period. Oppenheimer & Co. Inc. raised its position in POSCO by 1.0% during the second quarter. Oppenheimer & Co. Inc. now owns 5,738 shares of the basic materials company’s stock valued at $359,000 after purchasing an additional 57 shares during the period. Ronald Blue & Co. LLC raised its position in POSCO by 2.4% during the second quarter. Ronald Blue & Co. LLC now owns 6,686 shares of the basic materials company’s stock valued at $418,000 after purchasing an additional 154 shares during the period. Stifel Financial Corp raised its position in POSCO by 1.2% during the first quarter. Stifel Financial Corp now owns 14,359 shares of the basic materials company’s stock valued at $926,000 after purchasing an additional 169 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in POSCO by 3.2% during the second quarter. Janney Montgomery Scott LLC now owns 6,170 shares of the basic materials company’s stock valued at $386,000 after purchasing an additional 190 shares during the period. Institutional investors own 5.14% of the company’s stock.

Shares of POSCO (NYSE:PKX) opened at 72.85 on Friday. The stock has a market capitalization of $23.31 billion, a P/E ratio of 12.95 and a beta of 1.11. The firm’s 50-day moving average price is $71.68 and its 200-day moving average price is $66.29. POSCO has a 12 month low of $50.37 and a 12 month high of $77.76.

PKX has been the topic of a number of recent research reports. CLSA upgraded POSCO from an “underperform” rating to an “outperform” rating in a research report on Thursday, July 20th. BidaskClub upgraded POSCO from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Standpoint Research downgraded POSCO from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. UBS AG upgraded POSCO from a “neutral” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research downgraded POSCO from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy”.

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POSCO Company Profile

POSCO is a Korea-based company principally engaged in the manufacture and distribution of steel products. The Company operates in four segments: steel, trading, construction, and others. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of POSCO Daewoo Corporation, exporting and importing a range of steel products that are both obtained from and supplied to it, as well as between other suppliers and purchasers in Korea and overseas.

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Institutional Ownership by Quarter for POSCO (NYSE:PKX)

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